The legal structure of the central Buddhafield body is a private limited company that has charitable status.
Triratna Buddhafield is a company registered with Companies House, registration number 05157868. This company has been granted exemption from the use of the suffix Ltd because its articles of association meet the requirements for exemption. These requirements are that the company must be a private company limited by guarantee and the articles of association must include clauses that:
- state that the objects of the company are the promotion or regulation of commerce, art, science, education, religion, charity or any profession.
- require its income to be applied in promoting its objects;
- prohibit the payment of dividends, or any return of capital, to its members; and
- require each member to contribute to the assets of the company if it is wound up during the time that s/he is a member or within 1 year of them ceasing to be a member.
The company Triratna Buddhafield has applied for and been granted charitable status by the Charity Commission of England and Wales and its charity registration number is 1108826.
Note that Triratna Buddhafield was originally constituted as FWBO (Buddhafield).
You can view our previous yearly AGM reports here: